Company No: 03799829 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	G Bevan (Resigned 14 November 2025)
	M Lansley
	L Wilson

Secretary

L Wilson

Registered office	Unit 24
	Silverwing Industrial Estate
	Imperial Way
	Croydon
	Surrey
	CR0 4RR
	United Kingdom

Company number

03799829 (England and Wales)

Accountant	Kreston Reeves LLP
	Suite 2
	Orchard House
	Orchard Street
	Canterbury
	Kent
	CT2 8AR

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beaver Architectural Ironmongery Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 13 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Beaver Architectural Ironmongery Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Beaver Architectural Ironmongery Limited and state those matters that we have agreed to state to the Board of Directors of Beaver Architectural Ironmongery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beaver Architectural Ironmongery Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Beaver Architectural Ironmongery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beaver Architectural Ironmongery Limited. You consider that Beaver Architectural Ironmongery Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Beaver Architectural Ironmongery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

28 May 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	1,894		1,683
		1,894		1,683
Current assets
Stocks		541,708		479,341
Debtors	5	334,367		332,447
Cash at bank and in hand		15,213		11,617
		891,288		823,405
Creditors: amounts falling due within one year	6	( 861,677)		( 825,879)
Net current assets/(liabilities)		29,611		(2,474)
Total assets less current liabilities		31,505		(791)
Creditors: amounts falling due after more than one year	7, 12	0		( 4,387)
Net assets/(liabilities)		31,505		( 5,178)
Capital and reserves
Called-up share capital	8	40,000		40,000
Profit and loss account	11	( 8,495 )		( 45,178 )
Total shareholders' funds/(deficit)		31,505		( 5,178)

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Beaver Architectural Ironmongery Limited (registered number: 03799829) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

L Wilson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Beaver Architectural Ironmongery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 24, Silverwing Industrial Estate, Imperial Way, Croydon, Surrey, CR0 4RR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	20 years straight line
Fixtures and fittings	10 years straight line
Office equipment	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated on the cost of purchases on the weighted average basis. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		13

3. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 31 December 2025 of £5.3064 (2024: £7.2963) per ordinary share	212,256		291,852

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2025	6,143		3,672		16,238		26,053
Additions	0		0		1,029		1,029
At 31 December 2025	6,143		3,672		17,267		27,082
Accumulated depreciation
At 01 January 2025	6,143		3,645		14,582		24,370
Charge for the financial year	0		27		791		818
At 31 December 2025	6,143		3,672		15,373		25,188
Net book value
At 31 December 2025	0		0		1,894		1,894
At 31 December 2024	0		27		1,656		1,683

5. Debtors

	2025		2024
	£		£
Trade debtors	299,184		286,622
Prepayments and accrued income	35,183		45,825
	334,367		332,447

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts (secured)	260,803		224,843
Trade creditors	354,989		371,355
Amounts owed to directors	40,673		42,536
Other loans	31,666		10,397
Accruals	1,874		26,064
Corporation tax	111,909		115,277
Other taxation and social security	57,378		35,407
Other creditors	2,385		0
	861,677		825,879

The company discounts up to 90% of its trade debts. The proportion of trade debtors advanced by Royal Bank of Scotland Commercial Services, including charges, totalled £260,803 (2024: £216,365), and this is included as an invoice discounting loan.

The company has a debenture in place with National Westminster Bank plc, which covers all monies owed to the bank and secured by way of a fixed and floating charge over all property and assets.

The company also has a fixed and floating charge in place with The Royal Bank of Scotland covering all monies due to the bank.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other loans	0		4,387

The company has obtained Government Support through the Bounce Back Loan Scheme and was granted a six year loan of £50,000.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
40,000 Ordinary shares of £ 1.00 each	40,000		40,000

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	67,500		71,606
between one and five years	208,125		270,000
after five years	0		5,625
Total future minimum lease payments under non-cancellable operating leases	275,625		347,231

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £23,628 (2024: £23,821). Pension contributions of £2,385 (2024: £nil) were payable to the fund at the balance sheet date.

11. Reserves

Profit & Loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders.

12. Loan

Analysis of the maturity of loans is given below:

	2025		2024
	£		£
Amounts falling due within one year	4,409		10,397
Amounts falling due within one to two years	0		4,387
	4,409		14,784

13. Ultimate controlling party

The company is controlled collectively by the directors, M Lansley and L Wilson. and shareholder, G Bevan.